Jurors begin deciding fate of FX Cartel

UK nationals face 10 years in prison if convicted of alleged price-rigging

Law court gavel
Cartel case: both sides presented their closing arguments on October 25

On October 25, federal jurors in New York began deliberating the fate of three former UK currency traders accused of taking part in a five-year price-fixing conspiracy.

The men – Christopher Ashton, previously of Barclays, Rohan Ramchandani, formerly of Citi, and Richard Usher, who was employed at RBS and JP Morgan – denied the charge and waived extradition last year to face trial in the US.

The US Department of Justice (DoJ) claims they violated competition laws by colluding in a chatroom

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